Deindustrialization Quotes

The rise of globalization, the rise of finance capital, the elimination of the manufacturing base, the decimation of the working class, particularly in terms of those who had some comforts that approximated what the middle class had.

Before Trump, trade policy ceded our manufacturing strength to foreign nations.

Walmart's period of explosive growth coincided with decades of wage stagnation and deindustrialization. By applying relentless downward pressure on prices and wages, the company came to dominate both consumer spending and employment in small towns and rural areas across the middle of the country.

The overwhelming number of Democrats... think our trade policy has gone in the wrong direction. They think that our trade policy encourages companies to leave the country. They think our trade policy has caused more and more businesses to outsource.

U.S. trade policy has been a disaster for American workers.

Lots of hardworking, blue-collar people across America have lost their jobs since the 1990s - victims of the globalist policies of the Bushes and Clintons.

Unfortunately, we have lost our manufacturing capacity.

Trump, who in his own history as a developer preferred mob concrete and Chinese steel to the variety produced in the Rust Belt, cannot bring back the steel and manufacturing jobs lost in Lorain, Ohio or western Pennsylvania.

While the effect of increased global trade is positive for economies as a whole, specific sectors get battered, and large swathed of unskilled workers find themselves unemployed or under employed.

After a major loss of dynamism in the 1960s, productivity growth rates began dropping in most countries, falling by half in the U.S. in the 1970s and more or less ceasing altogether in France, Germany and Britain in the late 1990s.

Mother Earth is in pain and ailing - bglobal warming. The world is dealing with issues of immigration, deindustrialization, and poverty. When I was born, there were 2.5 billion people living on the whole planet. Now there are 2.5 billion people living on less than $2 a day. That's the kind of reality we have to deal with.

Back in the '80s and '90s, when GM was consistently posting giant profits, they were simultaneously firing tens of thousands of workers in my hometown of Flint and across Michigan.

Industrialization came to England but has since left.

Imperceptibly, the developed world's manufacturing base was gradually eroding and being replaced by securitized finance that destroyed itself and nearly its economies in 2008.

The economic development of industrial society tends inevitably to the ruin of small industries.

I am baffled by many Western politicians who continually blame low-cost imported goods for their own economic challenges.

Trade allegedly does not foster growth because when it begins, a flood of imports of factory origin destroys the handicraft manufacturing of the less developed country: the models for this are the effects of British exports of textiles and of iron in India and Chile in the first half of the nineteenth century.

Detroit's financial challenges - the decline of the American auto industry, the impact of the global economic recession, declining population, and an erosion of the municipal tax base - are key to understanding what led this great city to an inability to provide basic city services or to carry out the normal functions of a municipality.

Stop exporting American jobs. Stop exporting American factories, and stop exporting American sovereignty and independence to global institutions like the World Trade Organization.

I think of what's happening in Detroit as part of something that's much bigger. Most people think of the decline of the city as having to do with African-Americans and being in debt, and all the issues like crime and bad housing. But what happened is that when globalization took place, following World War II, Detroit's role as the center and the symbol of industrialization was destroyed. It wasn't because we had black citizens mainly or a black mayor; it was because the world was changing.

The globalization that has rescued so many in poor countries has harmed some people in rich countries, as factories and jobs migrated to where labor is cheaper.

In the four decades after World War II, manufacturing jobs paid more than other jobs for given skills. But that is much less true today. Increased international competition has forced American manufacturers to reduce costs. As a result, the pay premium for low-skilled workers in manufacturing is smaller than it once was.

One of the goals of the Trump administration is to reclaim all of the supply chain and manufacturing capability that would otherwise exist if the playing field were level.

Some people make stuff; other people have to buy it. And when we gave up making stuff, starting in the 1980s, we were left with the unique role of buying... We've shopped till we dropped alright, face down on the floor.

The question for so many is the quality of work, the future of work under globalism and de-industrialization. A typical example is a person who had a good factory job making 80,000 dollars, with health insurance, who was able to send his kids possibly to college and then he or she suddenly loses that job because the factory closed down. And now that same person is bagging groceries at Walmart and making $35,000.